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4939 Malta Street

Highland Park, CA 90042
  • $1,090,000
  • STATUS: Pending
  • ON SITE: 110 Days
  • ID#: WS24001976
Pending
UPDATED: 82 min ago
$1,090,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Listing Agent(s): Talia Lai of Pinnacle Real Estate Group (626-888-9808)


Description

Four detached Spanish style houses in the trendy Highland Park area. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1den and 1 bath each. Carport space is rented separately. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Separated Gas and Electrical Meters for each unit. Most tenants have been living there for more than 14 years. Most copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5 which has not been done. Newer windows for unit#4939.5. Lots of upside rent potential. Centrally located. Minutes away to Downtown L.A., South Pasadena, Mt. Washington, etc... Close to Fwy 101, 110, 5 and 2. Metro Station is nearby. High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby areas. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Expenses are estimated only. Buyers and buyer's agent to do their due diligence to inspect and investigate the permits, room counts, conditions and development requirements of the property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T19:38:30.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/146393566
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4939 Malta Street Highland Park, CA 90042

  • Price: $1,090,000
  • Status: Pending
  • On Site: 110 Days
  • Updated: 82 min ago
  • ID#: WS24001976
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1927
Built
Neighborhood:
632 - Highland Park
County:
Los Angeles
Area:
632 - Highland Park
Property Description
Four detached Spanish style houses in the trendy Highland Park area. Front 2 units are 2-bedroom 1 bath. Back units are 1 bedroom 1den and 1 bath each. Carport space is rented separately. Carport's roof was installed in 2015. Other buildings' roof were installed in 2013. Separated Gas and Electrical Meters for each unit. Most tenants have been living there for more than 14 years. Most copper plumbing pipes and most electrical wires were installed in most areas except unit #4939.5 which has not been done. Newer windows for unit#4939.5. Lots of upside rent potential. Centrally located. Minutes away to Downtown L.A., South Pasadena, Mt. Washington, etc... Close to Fwy 101, 110, 5 and 2. Metro Station is nearby. High demand rental area. Great potential for investors or developers. Lots of newer homes are built or under construction in nearby areas. Owners will not evict any tenants and will deliver the property in its "as-is" conditions with tenants. Property needs updates and fix up. Buyer to co-operate with seller for the 1031 tax deferred Exchange at no cost to buyer. Expenses are estimated only. Buyers and buyer's agent to do their due diligence to inspect and investigate the permits, room counts, conditions and development requirements of the property.
Exterior Features

Carport Spaces 3 Carport YN Yes Construction Materials Unknown Entry Level 3 Entry Location Ground Level With Steps Fencing Partial Foundation Details Raised Lot Features Street Level Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Features AssignedCarportOne Space Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features Parking Appliances Gas RangeGas Water Heater Common Walls No Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Contingency Drive by only. Tenants are not aware of the sale. Please do not disturb tenants there. Drive by only and submit offer subject to interior inspection. Buyer to co-operate with seller's 1031 deferred tax exchange Current Financing Conventional Disclosures Rent Control Electric Electricity - On Property Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 4359 Gross Scheduled Income 51588 Insurance Expense 2200 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms CashCash to New Loan1031 ExchangeFHA Maintenance Expense 2000 Net Operating Income 35028 New Construction YN No New Taxes Expense 18750 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 15012 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ADA UpgradesCable TVElectricityGasParking Fee Total Actual Rent 4299 Trash Expense 0 Utilities Electricity AvailableNatural Gas AvailablePhone AvailableSewer ConnectedWater Connected Vacancy Allowance 1548 Vacancy Allowance Rate 0 Water Sewer Expense 6000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T19:38:30.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395
Listing Agent(s): Talia Lai of Pinnacle Real Estate Group (626-888-9808)